Bank of England issues climate risk guidance to 'unlock action' from insurers

Michael Holder
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 The Bank of England is encouraging the insurance sector to take better account of climate risk
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The Bank of England is encouraging the insurance sector to take better account of climate risk

Developed by industry and regulators, aim is to help insurers draw up management approaches to climate risk

The Bank of England (BofE) yesterday issued new guidance to help insurance and reinsurance companies measure and assess the financial risks posed by climate threats such as heatwaves, floods, wildfires...

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